Business growth usually leads to an increase in the number of financial transactions you process on a daily basis, which, in turn, can put a strain on your business operations. The good news is that there are a variety of different services that can save you time and money in your everyday banking but can also add value to your business.
When your business is growing, it’s easy to find routine, everyday transactions bogging you down and eating into your valuable time. The easier and more automated you can make your everyday banking activities, the more time you can devote to your core business activities.
Keeping track of funds in and out of your business becomes more time-consuming as your business volume grows. At the same time, monitoring all the other aspects of your growing business may leave you less time for watching the books.
Monitor your account activity anytime of day or night. For quick updates download your activity directly from Online Banking to your desktop account software.
For a small business, written cheques can be a handy way to track payments. But as your business gets larger, all that paperwork can become overwhelming — and expensive.
How we can help:
Third Party Payment (3PP)
Eliminate some of your hand-written cheques when you pay your suppliers directly to their RBC account.
INTERAC# Email Money Transfer
Send electronic payment directly to employees’ or suppliers’ email addresses.
Direct deposits & direct payments
Automate regular future payments to your suppliers or automatically collect payments from your customers.
Your employees rely on you to complete payroll calculations accurately, send payroll tax deductions to the government and issue their cheques. As your staff expands, this can take a substantial amount of time.
How we can help:
Third Party Payment (3PP)
Pay your employees directly into their RBC account.
